Debt Reduction Advice | Debt Reduction Advice

11. March 2010

Home Affordable Foreclosure Alternatives: New Program For Underwater Homeowners

A new government program will essentially pay homeowners to sell at a loss. It’s called HAFA, or Home Affordable Foreclosure Alternatives and it goes into effect April 5. The goal is to help some of the nearly 25% of US homeowners who currently owe more on their homes than what they’re worth. Under HAFA, homeowners [...]

11. March 2010

0 Comments

Bankruptcy Filings Portend Continued Economic Troubles

In a sure sign that the economic recovery is still a rather fragile one, the number of consumer bankruptcy filings soared early this year. The American Bankruptcy Institute reported that filings rose 14 percent this February when compared to the same month one year earlier. In fact, the 111,693 consumer bankruptcy filings that the institute [...]

8. March 2010

0 Comments

More Americans Turning To Debt Consolidation

Some trends are indicating that Americans are trying to pay down debt and save more. But according to a new study released by Prosper.com, more Americans are turning to debt consolidation. The survey showed that over the last six months, more and more people have been signing up for peer-to-peer debt consolidation loans and in [...]

8. March 2010

0 Comments

Retiree fearing foreclosure finds relief through loan modification

The stock market’s slump during 2008 meant many things to many consumers. For one retiree, Clara Newman, it meant falling behind on her mortgage loan payments. According to a report in SmartMoney.com, the former employee of the city of Detroit saw her pension checks decrease in number from 13 to 12 times a year. Her adjustable-rate [...]

4. March 2010

0 Comments

Using Your Tax Refund To Pay Down Debt

Sure a new dishwasher, flat screen or spa weekend would be nice, but what about using that tax refund to pay down debt? That’s the plan for plenty of Americans, according to the National Retail Federation. Every year the organization polls Americans to see what they’re really going to do with that tax refund. And [...]

4. March 2010

0 Comments

Access Receivables Management

Access Receivables Management is a debt collection agency which has developed innovative methods to do their work, is armed with experience and all set to take on the next challenge. They have experience in recovering dues for the commercial, dental, medical, insurance and education sector and have [...]

4. March 2010

0 Comments

Economy leads to bargain hunting in auto market

Consumers in the current economy are more focused than ever on getting their money’s worth, and new car purchases are no exception. However, financial institutions still have tighter lending standards than they did a few years ago, which means those who hope to purchase a new car need to have the highest credit score possible. [...]

1. March 2010

0 Comments

Tax Preparers Promising Large Refunds

Tax preparers that promise large refunds are to be approached warily. With tax season upon us, there is going to be a strong push by preparers from coast to coast to attract consumers needing their tax forms prepared. One of the tactics used is making promises that cannot be kept. Every year, thousands of people let [...]

1. March 2010

0 Comments

Malware-infested websites raise identity theft dangers

For consumers who are concerned about identity theft, one wise strategy is to avoid suspicious websites that could harbor malware that gives criminals the opportunity to access one’s sensitive financial data, such as banking passwords. With that in mind, the Federal Trade Commission recently announced that it had reached a settlement with ControlScan, a company [...]

26. February 2010

0 Comments

Consumers Lose Millions To Tax Refund Operations

Many consumers expecting a refund are anxious to get it as soon as possible. That makes them vulnerable to promises of quick tax refunds. They may need the money to pay rent or make immediate debt payments. Often what happens is that consumers lose a large part of the refund to interest and fees. Called Refund [...]

UserOnline